When Donald Trump tapped Fiserv’s chief executive Frank Bisignano to oversee the Internal Revenue Service and Social Security Administration last year, his company was flying high. Now, Fiserv has lost $30 billion in market value after a disastrous quarterly earnings report. The fintech, once compared to Visa and Mastercard, is facing shareholder lawsuits and deep reputational damage, the Financial Times reported.

The timing of Bisignano’s exit

Bisignano sold 3.3 million shares — worth more than $500 million — shortly before his Senate confirmation in May. That stock would be worth less than half today. While there’s no indication of wrongdoing, the timing has raised eyebrows, given that the company’s latest report exposed years of mismanagement and short-term fixes. Analysts described

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